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>> even the late night comics getting fed up with the fiscal cliff stuff. good morning, everybody. i'm brian sullivan and welcome to way too early. only 2 1/2 more shopping weeks left until christmas by the way. so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading rights for disabled people. even the venerable bob dole could not bring both sides together on this one. also major unrest in egypt as 100,000 protesters stormed the palace in cairo forcing president morsi to flee. we'll update you on the situation there. but first our top story live here at 5:30 a.m. at 30 rock in new york city. and we begin with the latest on the rapidly approaching fiscal cliff deadline of automatic tax hikes on everybody and what appears to be a stalemate in the negotiations. in his first interview since the election, president obama reiterated his demand that any deal must raise t
>> even the late night comics getting fed up with the fiscal cliff stuff. good morning, everybody. i'm brian sullivan and welcome to way too early. only 2 1/2 more shopping weeks left until christmas by the way. so do your duty, america, bring our economy back from the brink. we've got a lot to talk about on this wednesday, december 5th. thanks for joining us. including a shameful display of partisanship in congress that resulted in the voting down of a u.n. treaty aimed at spreading...
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president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless but guess what, not homeless. city officials say jeffrey hillman does have stable housing, an parm in the bronx. they say he's lived there rent-free for the past three years. but hillman regularly panhandles in times square. >> a former boy scout who says he was sexually abused is suing is the boy scouts of america. the lawsuit claims his former troop leader, thomas hacker was barred from the group in indiana in the 1970s but was able to rejoin as a volunteer in illinois in the 1980s. hacker was arrested in 1988, later convicted in the aggravated sexual assault of an
president obama playing fiscal cliff hardball this morning. he's telling republicans he will not agree to a deal that doesn't include a tax hike on the wealthiest americans, hardening his position on this. he'll be meeting with business leaders today. >>> later this morning, speaker john boehner meets with fellow house republicans. sources tell cnn gop leaders are looking for a way out. >> it turns out the barefoot recipient of boots by a new york city police officer was shoeless...
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i wake up in the morning with fiscal cliff reverberating in my brain and i can see politicians playing the very game that you alluded to there on jay leno and it is a game for them but for other people, it's a very real thing. and the economy at the moment is completely stagnant waiting for something to happen. you've been in a position of very negative government shutdown with president clinton and a very positive, where you and he in the second term got together, got stuff done and as you saw, a surplus in the economy. so you know what the reality of these debates are like and what it's likely to be going on behind closed doors. what is the way through this and how is this likely, in your expert opinion, to be resolved? >> first of all, i think it took the very tough two closings of the federal government, one for six days, the other for 21 days, in order to get to a point where we were able to negotiate seriously to get welfare reform which was vetoed twice and then signed, and then to get four consecutive balanced budgets which was a pretty substantial accomplishment. the only time
i wake up in the morning with fiscal cliff reverberating in my brain and i can see politicians playing the very game that you alluded to there on jay leno and it is a game for them but for other people, it's a very real thing. and the economy at the moment is completely stagnant waiting for something to happen. you've been in a position of very negative government shutdown with president clinton and a very positive, where you and he in the second term got together, got stuff done and as you...
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good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on publicly. >> reporter: republicans say the president needs to meet them halfway. >> he's got to be serious. he's offered more spending, more stimulus than offering any new cuts
good morning. >> reporter: right now it's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found more half...
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take a listen. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. i think the next 72 hours are critical. if he sits back and continues to play politics, that will give you your answer where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> brian, also we saw the president talking to ceos at a business roundtable event earlier today. the president really reaching out to that group. he worked the room, shaking hands of almost everybody in that room. clearly the ceos and the business community are the linchpin to a deal here. both sides, democrats an republicans, reaching out for their support. take a listen to the president just a little while ago. >> i am passionately rooting for your success, because if the companies in this room are doing well, then small businesses and medium sized businesses up and down the chain are doing well. if companies in this room are doing well, then folks get jobs, consumers get confidence, and we're going to be able to com
take a listen. >> you want the answer to solving the fiscal cliff? we put an offer on the table. the president now has to engage. i think the next 72 hours are critical. if he sits back and continues to play politics, that will give you your answer where we're going. this is an opportunity for this country to lead. this is an opportunity for the president to lead. >> brian, also we saw the president talking to ceos at a business roundtable event earlier today. the president really...
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our "starting point" this morning, president obama says he will not bend in this fiscal cliff debate. americans face the prospect of severe tax hikes, spending cuts if republicans and democrats can't get together to work out some deal. congress breaks for the holidays in ten days. if they don't extend that, it will be ten days from then that we fall off the fiscal cliff. >> if we're going to be serious about reducing our deficit while still being able to invest in things like education and research and development that are important to our growth and if we're going to protect middle class families, then we're going to have to have higher rates for the wealthiest americans, folks like me. >> white house correspondent dan loa lothian is in washington, d.c. this morning. so who has the ball? and whose court is it in at this point? >> reporter: first of all, we know that house gop had that counter offer, which white house spokesman jay carney has referred to as, quote, magic beans and fairy dust. we expect for republicans to put pressure on the white house to engage. in addition to that,
our "starting point" this morning, president obama says he will not bend in this fiscal cliff debate. americans face the prospect of severe tax hikes, spending cuts if republicans and democrats can't get together to work out some deal. congress breaks for the holidays in ten days. if they don't extend that, it will be ten days from then that we fall off the fiscal cliff. >> if we're going to be serious about reducing our deficit while still being able to invest in things like...
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the fiscal cliff, top of mind for wall street this morning. adp out with the monthly look of private sector employment at 8:15 eastern time. economists think this report will show that the united states added 125,000 private sector jobs in november. president obama's going to be speaking to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook is joining the nasdaq 100 index. it will be joining the index next wednesday and replaces tech firm emphasis who is moving to the new york stock exchange. >>> our guest host here to take on the financial cliff as well as false assumptions investors may be making about what the markets will do come january. joining us is dan greenhouse and chris walen, senior managing director. just looking through some of your comments, dan, you don't think we should go over, obviously. >> well, we were -- chris and i were joking in the green room. a lot of the policies in the c
the fiscal cliff, top of mind for wall street this morning. adp out with the monthly look of private sector employment at 8:15 eastern time. economists think this report will show that the united states added 125,000 private sector jobs in november. president obama's going to be speaking to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnerny says the business leaders want a balanced solution to short and long-term deficit issues. >>> and facebook...
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the president will speak on the fiscal cliff. what a day shaping up this morning. there's a look at s&p on the top of your screen. opening bell in a moment here at the big board. a limited partnership formed by marathon. celebrating the recent ipo. over at the nasdaq, a limited liability company celebrating the recent listing. >> fabulous company for people looking for high yield in the 401(k). they can't use it because of the tax break. >> very nice. a couple interesting notes about today. the anniversary of greenspan's speech on this date back in 1996 in which the dow closed at 6,437. >> a classic buy opportunity that was. >> when it hit 6400 in '09 it was a good opportunity too. >> yesterday s&p closes at 1,407. one year earlier 1,409. lost two points over the course of the year. >> it does look like nothing has happened. >> it's all beneath the surface. intel will be one to keep an eye on. $6 billion buyback going back to markets to fund that theme that is intact. >> obviously there is secular decline of pcs. raymond james goes from hold to sell. intel has a ba
the president will speak on the fiscal cliff. what a day shaping up this morning. there's a look at s&p on the top of your screen. opening bell in a moment here at the big board. a limited partnership formed by marathon. celebrating the recent ipo. over at the nasdaq, a limited liability company celebrating the recent listing. >> fabulous company for people looking for high yield in the 401(k). they can't use it because of the tax break. >> very nice. a couple interesting notes...
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$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morni
$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up...
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yesterday at the white house there were vague references to conversations about the the fiscal cliff with congress iion republicans. i can confirm this morning through my sources here at the white house and on capitol hill that there were no substantive conversations or negotiations yesterday at all. no formal e-mails, to conversations, nothing. house speaker boehner's countdown led to the lighting of the capitol hill christmas tree last night. >> three, two, one. >> reporter: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the rates on the top 2% go up. we're not going to be able to get a deal without it. >> reporter: republicans want smaller tax increases overall and no movement on higher income tax rates. they want to cut unnamed tax bre breaks and deductions, which they sa
yesterday at the white house there were vague references to conversations about the the fiscal cliff with congress iion republicans. i can confirm this morning through my sources here at the white house and on capitol hill that there were no substantive conversations or negotiations yesterday at all. no formal e-mails, to conversations, nothing. house speaker boehner's countdown led to the lighting of the capitol hill christmas tree last night. >> three, two, one. >> reporter: but...
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house speaker john boehner and the latest update on negotiations or lack thereof on the fiscal cliff. let's go to this right now. moments ago on the hill. hear is the speaker. >> morning, everyone. this week we made a good faith offer to avert the fiscal crisis and, that offer included significant spending cuts and reforms, and it included additional revenue and frankly it was the balanced approach that the president's been asking for. now we need a response from the white house. we can't sit here and negotiate with ourselves. our targets and framework are things that we can all agree on. and it's exactly how we approached our discussions in the biden group. my discussions at the white house a year and a half ago. and for that matter, in the joint select commit teach. and if the president doesn't agree with our proposal and our outline i think he has an obligation to send one to the congress and a plan that can pass both chambers of commerce. if you looked at the plans the white house talked about thus far, they couldn't pass either house of the congress. we're ready and eager to talk
house speaker john boehner and the latest update on negotiations or lack thereof on the fiscal cliff. let's go to this right now. moments ago on the hill. hear is the speaker. >> morning, everyone. this week we made a good faith offer to avert the fiscal crisis and, that offer included significant spending cuts and reforms, and it included additional revenue and frankly it was the balanced approach that the president's been asking for. now we need a response from the white house. we can't...
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. >> the so the president has made it very, very clear, drawn a line, no fiscal cliff deal without higher tax rates for the highest earningers, tax rates have got to go up. question, what will speaker boehner have to say about that? his reaction will be new at ten this morning. mark stein is going to be here as well and he'll join us to explore that and more. we have an oil and mining deal to tell, but. freeport mcmoran and copper and gold will have exploration and two separate deals for 9 billion in cash and stock. i'm not quite sure what all of that means. just tell me the stock price, nicole. >> it means big moves for these two stocks here. freeport mcmoran is now down over 15%, but when you look at plains exploration and production, a big mover to the upside and that's up 23. stuart: i'm trying to get this. freeport mcmoran, they're the ones that are doing the buying and plains exploration are the people who are being bought. so the people who are being bought go up because they're paying a high price and the people who are paying the money out are going down. have i got that roughly
. >> the so the president has made it very, very clear, drawn a line, no fiscal cliff deal without higher tax rates for the highest earningers, tax rates have got to go up. question, what will speaker boehner have to say about that? his reaction will be new at ten this morning. mark stein is going to be here as well and he'll join us to explore that and more. we have an oil and mining deal to tell, but. freeport mcmoran and copper and gold will have exploration and two separate deals for...
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middle of this battle over the fiscal cliff could make this really complicated. some republicans are discussing offset spending cuts elsewhere in the budget now to help fund this legislation. lori: good luck with that. melissa: let's check the market, nicole petallides on the floor of the new york stock exchange. we add another company to our daily accelerated dividend watch? nicole: that is right, we are indeed doing just that on a day the dow was up 130 points, maybe some investors are already happy to see an up arrow to the market. western digital, those shareholders are getting a nice boost. the stock is up 9%. joining over 110 companies accelerated the dividend payout. if you are watching a fox business network know by coding the dividend payout they are not susceptible to a higher tax rate in 2013 if the fiscal cliff does not go well. there is no bipartisan agreement on the way to save the day. so many other companies, wal-mart, eastern allen, weight watchers all payouts as dividends ahead of this year. back to you. melissa: but wait, there is another compa
middle of this battle over the fiscal cliff could make this really complicated. some republicans are discussing offset spending cuts elsewhere in the budget now to help fund this legislation. lori: good luck with that. melissa: let's check the market, nicole petallides on the floor of the new york stock exchange. we add another company to our daily accelerated dividend watch? nicole: that is right, we are indeed doing just that on a day the dow was up 130 points, maybe some investors are...
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with the white house and congress on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and friends". >> steve: you must be conflicted today. >> brian: in what way? >> steve: we have coach k on and any time we have peitro, the super model who has been a friend of your manies, many years. >> brian: i am looking forward to nick rangon. >> gretchen: you will have to duke me out for it then. >> brian: you start with him in 10 minutes. >> gretchen: you want to trade coach for nick it will coach you. >> brian: and edrolins to be named later. >> gretchen: and i always like rolins. >> brian: pet up with us. she was a young super model. >> gretchen: does she know she was off y
with the white house and congress on the fiscal cliff. hear the new proposal from congressman paul ryan and senator mark rubio. >> steve: will he work with the liberal media. president obama extends extra special invites for sit down with liberal gabbers. >> brian: he is one of america's favorite coach. his career almost ended early and fans had no idea. the coach revealed something for the very first time. by the way. "fox and friends" starts now. ♪ ♪ "fox and...
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"morning joe" starts right now. >>> our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course! but the ongoing talks. >> there aren't even very many talks going on. >> you're killing us! give us something. >> but for the first time, there are numbers on pieces of paper from both sides. >> numbers on paper! >>> good morning. it's wednesday, december 5th. welcome to "morning joe." live in the nation's capital. this is exciting. and you know, i said, let's do a show from washington, d.c., because they get so much stuff done there. it's like silicon valley. and going there when steve jobs was really bringing apple to the forefront -- >> a happening place. >> it is. it's where things happen. that's why we're here, steve rattner. >> wash
"morning joe" starts right now. >>> our country will be heading over the fiscal cliff that we ourselves dug and put in our way. it's the set of automatic spending cuts and tax hikes that can only be averted if our nation's leaders are able to display bear bones competence and middle school-level maturity. so is there a deal? >> there's, of course, no deal. >> of course! is there a prospect for a deal? >> there's not a prospect for a deal. >> of course!...